Waverly Acquires $313M Planning Capital to Establish Philly Presence

Waverly Advisors announced that it has acquired Planning Capital Management, a Paoli, PA-based advisor with $313M in AUM, establishing its footprint in the greater Philadelphia area.

Planning Capital Management was established in 2001 by Richard “Rick” Bell, Jr., and serves high-net-worth individuals, institutions, and nonprofits. Bell is joined in the move to Waverly by advisors Dan Brady and David Emery, along with associate financial planner Quinn Michel and senior client service associate Jill Hofknecht.

Financial terms of the transaction, which closed December 13 and increases Waverly’s AUM to $15.9B, were not disclosed. Planning Capital marks the 10th acquisition by Waverly in 2024 and the 20th since the firm received an equity investment from Wealth Partners Capital Group and HGGC Aspire Holdings platform.